The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-04-22
GREAT BRITAIN'S BUDGET
THE EXPENSES AND REVENUE
PUT AT 100000, 900 EACH.

Savings in the Army and Civil Service
Estimates-A Falling OFF in the Re-
ceipts from Liquor Taxes-A Surplus
Estimated for the Ensuing Year-Ths
Statement Not Well Received.
LONDON, April 21.-Mr. Goschen, Chan
cellor of the Exchequer, introduced tIe
budget in the House of Commons this after
noon. From it it appears that during the
last year the expenses of the government
amounted to G90, 100000, and that the reve-
nues reached the same sum- There has been
a saving of COOS, 600 in the army estimates,
and of g3i7 900 in the estimates for the civil
service. The revenue obtained by taxes ON
alcoholic liquors had decreased $1,000
while that derived from the beer tax had in
creased 5000 The receipts from wins
taxes have fallen off,1e93, 600, and those from
the tax on tea have largely increased. Sir
William Vernon Harcourt had estimated
that the surplus for the year would be $685.
600, while it really reached 9776,000.
The budget estimates the revenues for the
coming year at col lj5 900, and the expend-
itures at $50, lS0,00 II is proposed to raise
100000 by charging los transfer duty ON
each 100 debentures of stock which has hith-
erto almost escaped duty. To clear the
budget oi local loans it is intended TO cancel
E33, ,0O0, 900 of other portions of the public
debt and create the same amount of local
loan stock, charging the local loan budget
with an annuity of 9l00,000
NOT WELL RECEIVED.
1t is also proposed to take Id per pound
sterling Off the income tax and 4d per pound
off the tobacco tax and to reduce the taxa
ton ON marine policies. The budget was q
complete surprise to the House of Commons.
Many of its proposals, notably those relat@
ing to the national debt charges, will be
vigorously opposed. Ii is maintained that
MIR. Goschen has resorted to unsound mea-
,ures OF finance in order 10 present a budget
that may serve the Conservatives at tbs
next general election. The Conservatives
are much iriitated at Lord Randolph
Churchills attitude
Mr. Gladstone was absent from the House
)f Commons when the budget was being
discussed. He is expected to speak against
bhe proposed reduction of the sinking fund
SIR William Vernon Harcourt congratu1
.ated Mr.. Goschen upon the ability he had
displayed. He regretted, however, that
nothing had been said about gold coinage.
lie condemned the proposal to reduce the
repayment of the debt, which he Thought
would establish a reprehensible precedent
CHURCHILL CENsUREs.
Lord Randolph Churchill also regretted
Che absence of any reference to gold coinage.
lie criticised adversely Mr. Goschen's esti-
mates. The budget, he said, gave no real
Indication OF economy and retrenchment.
lie believed q reduction of at least e150,00
was possible in the civil service estimatezss
If an increase in the expenditures for tha
national defenses was necessary, the amounos
required should he raised by taxation, not b.
reducing the payment Of the debt, He also.
objected to tho proposed contributions in
aid Of local rates as likely TO retard looaI
government reform. In conclusion he sad
hat if Mf Goschens proposals had beeu
made by him they would have aroused CHI
Indignation of the whole country and prob
4oly have been rejected. M
GOsCHEN's EXCUSE.
Mr. Goschen, in general reply, excused
himself for not having touched upon th9
question of gold coinage on the ground oe
lack of time to deal thoroughly with th1
subject. He defended bis proposals, addiuH
that he would be glad il the House should
definitely express its wishes with regard II
expenditures for defense. His experience
respecting former reductions had been tllaE
they We're almost always followed "
5pasInodic increases under the influence Oh
panic.
Sir John Lubbock objected to reducin1
the repayment of the debt, and expressd4
The hope that Mr.. Goschen would propaso
some alternative. S
APPROVED BY THE PRESS.
LONDON, April %, A. M--The Lon
don morning papers generally acknowledge
Mr.. Goschen'5 budget to be the most naster~
ly handling of the national finances sine
Mr Gladstone's plume was given to all in.
tcrests Tho only exception takon is to to-
the proposed reduction OF the sinking funds
which is mi vpTsallv coudam ned M